City of Glendale - News

First-Time Home Buyers May Qualify For a Down Payment Assistance Loan

If you are a first-time homebuyer, who plans to purchase a home anywhere within the city limits of Glendale, you may be eligible for the American Dream Down payment Initiative (ADDI) program and loan up to $10,000.

Glendale’s Community Revitalization Division is sponsoring the program to offer interest-free loans of up to $10,000 for eligible home buyers who have a total household income that is 80 percent below median, as determined by federal income standards. This translates to $52,700 for a household size of four.

For more information, call John Carnero in the Community Revitalization Division at 623/930-3670 or click here for a brochure about the ADDI program (pdf).

FOR IMMEDIATE RELEASE March 1, 2010

CONTACT: Kim Larson, 623-930-2989
Marketing/Communications Dept.